Best maintains stable 2008 reinsurance outlook
Rating agency AM Best is maintaining a stable outlook in 2008 for the global reinsurance sector for the second consecutive year. Best said the affirmation of the sector’s outlook reflects generally strong balance sheets, continued improvements in enterprise risk management (ERM) and general earnings momentum through 2007.
Best said the current outlook implies that the majority of 2008 reinsurer rating actions are likely to be affirmations with stable outlooks and only a modest amount of anticipated rating or outlook
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